Veritas Farms, Inc. Announces Chief Financial Officer Changes, Effective on or About November 15, 2023
September 08, 2023 at 04:55 pm EDT
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On September 7, 2023, Ramon A. Pino (?Mr. Pino?) notified Veritas Farms, Inc. of his resignation as Chief Financial Officer and from any and all other positions he holds with the Company and its subsidiary effective on or about November 15, 2023 (?Effective Date?). Except for certain restrictive covenants, including non-disclosure, non-compete, and non-solicitation covenants, contained in the Employment Agreement dated August 11, 2021 between the Company and Mr. Pino (?Employment Agreement?), the Employment Agreement will terminate effective on the Effective Date. The Board of Directors of the Company intends to conduct a search of potential internal and external candidates to replace Mr. Pino.
In the event a replacement for Mr. Pino is not engaged by the Effective Date, in the interim the Company?s Interim Chief Executive Officer and Interim President, Thomas E. Vickers, will assume the duties as principal financial officer of the Company.
Veritas Farms, Inc. (Veritas Farms) is an agribusiness that is focused on growing, producing, marketing, and distributing quality, whole plant, full spectrum hemp oils and extracts containing naturally occurring phytocannabinoids (collectively, CBD). Veritas Farms owns and operates an approximately 140 acres farm in Pueblo, Colorado, capable of producing over 200,000 proprietary full spectrum hemp plants, which can potentially yield a minimum annual harvest of 250,000 to 300,000 pounds of outdoor-grown industrial hemp. Veritas Farm's products include capsules, gummies, tinctures, lotions, salves, creams, balm sticks, lip balms, and pet chews. It also operates approximately 15,000 square feet of climate-controlled greenhouses to produce a consistent supply of year-round indoor-cultivated hemp. In addition, there is a 10,000 square-foot onsite facility used for processing raw hemp, oil extraction, formulation laboratories, and quality/purity testing.
VERITAS FARMS, INC. 
